LS Investment Advisors LLC raised its stake in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 136.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,788 shares of the industrial products company’s stock after buying an additional 3,340 shares during the period. LS Investment Advisors LLC’s holdings in Silgan Holdings were worth $184,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in Silgan Holdings by 12,224.8% in the first quarter. BlackRock Inc. now owns 3,200,257 shares of the industrial products company’s stock valued at $189,966,000 after buying an additional 3,174,291 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Silgan Holdings by 96.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,164,656 shares of the industrial products company’s stock valued at $37,013,000 after buying an additional 571,928 shares during the last quarter. American Century Companies Inc. acquired a new position in Silgan Holdings during the first quarter valued at approximately $33,329,000. GW&K Investment Management LLC raised its position in Silgan Holdings by 94.0% in the second quarter. GW&K Investment Management LLC now owns 770,116 shares of the industrial products company’s stock valued at $24,474,000 after buying an additional 373,086 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Silgan Holdings during the first quarter valued at approximately $18,380,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.
Silgan Holdings Inc. (NASDAQ:SLGN) traded up 0.69% during mid-day trading on Tuesday, hitting $30.81. 60,372 shares of the stock were exchanged. Silgan Holdings Inc. has a 52 week low of $23.58 and a 52 week high of $32.50. The company has a 50 day moving average price of $31.63 and a 200 day moving average price of $50.69. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 24.47 and a beta of 0.54.
Silgan Holdings (NASDAQ:SLGN) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Analysts expect that Silgan Holdings Inc. will post $1.66 EPS for the current fiscal year.
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Several research analysts recently commented on SLGN shares. Zacks Investment Research upgraded shares of Silgan Holdings from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Deutsche Bank AG restated a “hold” rating and issued a $30.00 price target (down previously from $60.00) on shares of Silgan Holdings in a report on Monday, June 5th. BidaskClub lowered shares of Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine upgraded shares of Silgan Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 31st. Finally, Barclays PLC raised their price target on shares of Silgan Holdings from $27.50 to $30.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.36.
In other news, VP B Frederik Prinzen sold 3,204 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $62.28, for a total transaction of $199,545.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Adam J. Greenlee sold 5,643 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $61.56, for a total value of $347,383.08. The disclosure for this sale can be found here. 33.10% of the stock is owned by corporate insiders.
About Silgan Holdings
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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